Light at the end of the Covid tunnel for African Foreign Direct Investment
EY’s Africa Attractiveness Report predicts a return to the growth trajectory of foreign direct investment (FDI) to the continent. While Africa’s FDI fell sharply by 50% in 2020 due to the COVID-19 pandemic, making it the hardest-hit region globally, the core factors behind its investment appeal remain intact. This is the overarching view of EY’s […]
The effect of Covid-19 and business resilience
Companies worldwide are and will inevitably be affected in the short and medium-term by the coronavirus pandemic (Covid-19). Decline in commodity prices due to the falling demand in China, travel restrictions, city and provincial quarantines, confinement of people willingly or by force to their homes, and the reduced job mobility affect the trade of goods […]
LEX Africa Alliance and its members celebrate Chambers Rankings 2020
LEX Africa is pleased, to once again be ranked as a Band 1 Regional Law Firm Network – Africa Wide by Chambers and Partners! “Since its inception in 1993, LEX Africa has displayed considerable commitment to the African continent and its mission of developing professional legal skills and business. Its addition of firms in North […]
LEX Africa signs MOU with International Practice Group (IPG)
LEX Africa and IPG have signed a non-exclusive memorandum of understanding in order to further develop and strengthen their relationship. These two long established professional associations have agreed to co-operate for mutual benefit enabling members to work together on international client matters, share information of interest to members and their clients and attend each other’s […]
Opening the money taps into Africa
Akinwumi Adesina is not a name most people in Africa would recognise, yet it belongs to a man who is, arguably, doing the most to haul the continent out of a rut of underdevelopment and improve the lives of its people. Adesina is president of the African Development Bank (AfDB) and the brains behind this […]
Limits for local and foreign currency in Angola
The Regulation 1/2016 of the Angolan central bank (“BNA”) entered into force last 12th April, in view of regulating the conditions for entrance and exit of local and foreign currency in Angola either by residents or non-residents. In relation to entrance and exit of foreign currency, residents are allowed to carry with them an amount […]
New Competition Law in Angola
Law no. 5/18, of 10th of May – Competition Law. On the 10th of May of this year, the first Competition Law was approved in Angola. The said Law applies to (i) the economic activities carried out in Angola, whether on a permanent or occasional basis and (i) to the public companies, private companies, cooperative […]
LEX Africa publishes its 2015 African Business Guide
LEX Africa’s annual business guide has become a useful and popular reference for clients, business, media and others interested in Africa. The 2015 Guide has just been published and covers 22 African countries, Angola, Botswana, Burkina Faso, Democratic Republic of the Congo, Ghana, Kenya, Lesotho, Malawi, Mali, Mauritius, Mozambique, Namibia, Nigeria, Reunion, Senegal, South Africa, […]
LEX Africa launches Pan African insolvency and business restructuring guide
It is important, particularly in emerging markets like Africa, for investors and financiers to understand fully the limitations, scope and efficacy of the local insolvency regimes and the ability to foreclose and extract value in a distressed debt situation. LEX Africa‘s specialist insolvency/restructuring team is proud to launch the first edition of its Pan African […]
What China’s Economic Shift Means for Africa
Current structural changes in China’s economy will have significant implications for Africa’s developmental ambitions. This is not the first time decisions in China have been felt in Africa: for the past 15 years, the rapid and pervasive entry of Chinese capital and companies into Africa have had a big impact on the continent. The rapidity […]
